MIRA
INFORM REPORT
|
Report Date : |
29.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
EMPIONS CO., LTD. |
|
|
|
|
Registered Office : |
753-19, Wonsan-ri, Onsan-eup, Ulju-gun, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
09/19/2003 |
|
|
|
|
Legal Form : |
Company Limited by shares |
|
|
|
|
Line of Business : |
Wholesale of Industrial Basic Chemicals |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Basic
|
Company
Name |
EMPIONS CO., LTD. |
|
Registered Address |
753-19, Wonsan-ri, Onsan-eup, Ulju-gun, |
|
Zip Code |
689-892 |
|
Tel |
+82-52-239-0970 |
|
Fax |
+82-52-239-3796 |
|
E-mail |
webmaster@empions.com;semipf@hanmail.net |
|
Website |
www.empions.com |
|
Trading Address |
753-19, Wonsan-ri, Onsan-eup, Ulju-gun, |
|
Tel |
+82-52-239-0970 |
|
Fax |
+82-52-239-3796 |
|
Type |
Export/Import |
|
Industry |
Manufacture of All Other Chemical Products n.e.c. |
|
Main Business |
Bis(4-Butylayclohexy) Peroxydicabonate, High Functional Additives,
Saturated Polyester Resin |
|
Sub
Business |
Wholesale of Industrial Basic Chemicals |
|
Established (mm/dd/yyyy) |
09/19/2003 |
The Subject occupies the premises of registered
address/factory(6,506.9m2) by leasing base.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Plastic Hardener |
|
Sell |
Additives |
CEO’s
|
Name |
Lee Byung-Hee |
|
Address |
989-8, Namsan-dong, Geumjeong-gu, |
|
Date of Birth |
02/20/1969 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital |
1,600,000,000 KRW |
|
Employees |
30 |
|
Formation |
Co., Ltd By Shares |
|
Bank Details |
Kyungnam Bank |
|
Corporate Registered No. |
230111-0098549 |
|
Business Registered No. |
610-81-68465 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
09/19/2003 Established 03/29/2005 Increased capital to
400,000,000 KRW from 200,000,000 KRW 02/16/2006 Increased capital to
600,000,000 KRW from 400,000,000 KRW 10/17/2006 Increased capital to
800,000,000 KRW from 600,000,000 KRW 12/28/2006 Increased capital to
1,600,000,000 KRW from 800,000,000 KRW |
The Subject
manufactures Plastic Hardener and Additives and wholesales.
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
President & CEO |
Mr. |
Lee Byung-Hee |
Male |
Korean |
02/02/2006 |
|
Director |
M/S. |
Lee Kyung-Hee |
Female |
Korean |
03/28/2005 |
|
Director |
Mr. |
Jung Jae-Young |
Male |
Korean |
02/16/2006 |
|
Auditor |
Mr. |
Choi Yong-Nam |
Male |
Korean |
04/07/2005 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
9,730,000,000 |
5,999,000,000 |
521,000,000 |
|
|
2004 |
2,809,000,000 |
2,099,000,000 |
267,000,000 |
|
2003 |
450,000,000 |
|
|
Financial Description
Unit: KRW
|
Authorized Capital |
1,600,000,000 |
|
Paid-Up Capital |
1,600,000,000 |
|
Total Issues Shares |
320,000 |
|
Balance Sheet |
|||
|
Unit : Million Korean Won |
As of 12/31/2005 |
As of 12/31/2004 |
As of 12/31/2003 |
|
Total Assets |
5,999 |
2,099 |
|
|
Current Assets |
4,636 |
844 |
|
|
-Quick Assets |
3,569 |
689 |
|
|
-Inventories |
1,067 |
155 |
|
|
Fixed Assets |
1,363 |
1,255 |
|
|
-Investment |
63 |
4 |
|
|
-Tangibles |
1,299 |
1,249 |
|
|
-Intangibles |
1 |
1 |
|
|
Total Liabilities |
4,826 |
1,648 |
|
|
Current Liabilities |
4,793 |
637 |
|
|
Fixed Liabilities |
33 |
1,010 |
|
|
Capital Stock |
400 |
200 |
|
|
Capital Surplus |
- |
- |
|
|
Profit Surplus |
773 |
251 |
|
|
Capital Adjustment |
- |
- |
|
|
Total Equity |
1,173 |
451 |
|
|
Liab. & Shareholder’s Equity |
5,999 |
2,099 |
|
|
Income Statement |
|||
|
Unit : Million Korean Won |
As of 12/31/2005 |
As of 12/31/2004 |
As of 12/31/2003 |
|
Sales |
9,730 |
2,809 |
|
|
Cost of Sold Goods |
8,205 |
2,086 |
|
|
Gross Profit |
1,525 |
723 |
|
|
Selling & Admin. Expenses |
781 |
349 |
|
|
Operating Income |
744 |
374 |
|
|
Non-Operating Income |
52 |
45 |
|
|
Non-Operating expenses |
132 |
84 |
|
|
Ordinary Income |
664 |
336 |
|
|
Special Income |
- |
- |
|
|
Income Before Taxes |
664 |
336 |
|
|
Income Taxes Expenses |
143 |
68 |
|
|
Net Income |
521 |
267 |
|
Products,
Technologies, Services
Description
|
Main Products & Services |
Organic Peroxide High Functional Additives Plant Engineering Architecture Interior Materials |
|
Detailed Products Spec. |
Alkenox P-100 is an organic compound that
is a form of white powder and includes peroxide cohesion in a molecule. It has a property of quick cold curing for
its low decomposition temperature. Alkenox P-100 is the first product that
succeeds the commercialization among similar products using the new
technology process in the country. Alkenox P-100 is easy to enhance the
property and to hold the uniformity of fabricated products for its high
purity. It can be mentioned as the most appropriate hardener for pultrusion
and continuous production. And it has been applied to the rapidly growing
leisure industry as raw materials for products such as tent poles and fishing
poles. -Alkenox P-100 Appearance : White Powder Specific Gravity : 0.45 ～ 0.48 Active Oxygen : 3.8 ～ 4.01 Purity : Min.95% It is uses for Artificial Marble and
Hardener for UPR(unsaturated polyester resin) used in the drawing, Initiator
for high polymers. -Alkenox TBM Appearance : White Powder Specific Gravity : 0.45 ￠| 0.48 Active Oxygen : 3.8 ￠| 4.01 Purity : Min.95% It is uses for Artificial Marble. -Alkenox TBE-50 Appearance : Clear liquid. Specific Gravity : 0.93 Active Oxygen : 3.7 ± 0.7 wt.% Peroxide Content : 50 ± 1 wt.% Alkenox TBE-50 is a suitable initiator for
the curing of unsaturated Polyester, vinyl ester and acrylic thermosetting
resins in the Temperature range of 80-120 ℃ . |
Trade Partners
|
Customers |
Degussa Gmbh-Germany |
Sales by Region (Activity
& Markets)
The Subject exports its products to
Court Action
Not Available.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)